Consider a Simple Macro Model with Demand-Determined Output

question 53

Multiple Choice

Consider a simple macro model with demand-determined output.An exogenous increase in the domestic price level will

• A)shift both the net export function and the AE curve upward.
• B)shift the net export function upward and the AE curve downward.
• C)shift both the net export function and the AE curve downward.
• D)shift the net export function downward and the AE curve upward.
• E)pivot the net export function and the AE curve upward.

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Definitions:

Cholesterol

A waxy substance found in the cell membranes of all body tissues, and transported in the blood plasma of all animals.

Steroid

A type of organic compound with a characteristic molecular structure containing four rings of carbon atoms.

Carbon Atoms

The chemical elements that serve as a fundamental building block in the structure of organic molecules.

Functional Groups

Specific groups of atoms within molecules that are responsible for the characteristic chemical reactions of those molecules.